What Does This Bid Mean for Sprint Nextel’s Top Institutional Shareholders?

Sprint Nextel (NYSE:S): Sprint has come away from the recent quarter exceeding both earnings and revenue expectations. Earnings per share of -$0.21 beat by $0.09, and revenue of $8.79 billion beat by $0.08 billion. Wireless network revenue of $7.1 billion is the highest figure recorded ever, as a result of a record number of subscribers — 53.9 million, to be specific. “This is a transformative year for Sprint and we’ve gotten off to a good start,” said Dan Hesse, Sprint CEO. “Record Sprint platform service revenue and subscriber levels fueled our performance. We achieved significant Adjusted OIBDA growth (some 25 percent) while investing heavily to improve our network, expanding our 4G LTE footprint and offering customers the best smartphones with truly unlimited data plans.”

These institutional firms indicated owning shares of Sprint Nextel Corp. in Q1 2013. They reported owning a total of 532.247 million shares on 03/31/2013. The shares closed at $6.21 on 03/31/2013.

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Here are the nine largest positions in Sprint Nextel Corp. at the end of March 31st, 2013.

Vanguard Group Inc. held 159,425,798 shares on 03/31/2013 worth $990,034,212. This brought the portfolio total to 0.11%.

Bank of New York Mellon Corp. held 137,408,836 shares on 03/31/2013 worth $853,308,877. This brought the portfolio total to 0.27%.

Blackrock Institutional Trust Company N.A. held 80,930,686 shares on 03/31/2013 worth $502,579,563. This brought the portfolio total to 0.1%.

Blackrock Fund Advisors held 37,313,266 shares on 03/31/2013 worth $231,715,383. This brought the portfolio total to 0.09%.

Blackrock Group Ltd held 19,946,871 shares on 03/31/2013 worth $123,870,070. This brought the portfolio total to 0.09%.

APG NV held 12,155,307 shares on 03/31/2013 worth $75,484,457. This brought the portfolio total to 0.23%.

Los Angeles Capital Management & Equity Research Inc. held 7,015,405 shares on 03/31/2013 worth $43,565,665. This brought the portfolio total to 0.63%.

Blackrock Inc. held 6,884,940 shares on 03/31/2013 worth $42,755,478. This brought the portfolio total to 0.08%.

Parametric Portfolio Associates LLC held 6,220,931 shares on 03/31/2013 worth $38,631,982. This brought the portfolio total to 0.13%.

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